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HYOSUNG Procurement Engineer Interview Questions and Answers
HYOSUNG Procurement Engineer Interview Experiences
1 interview found
Anonymous
Selected
I applied via Approached by Company and was interviewed in Jun 2022. There were 2 interview rounds.
(2 Questions)
- Q1. What is the good way to manage component cost in changing market in terms of material cost
- Ans.
The good way to manage component cost in changing market is to implement effective cost control strategies.
Regularly monitor market trends and fluctuations in material costs
Establish strong relationships with suppliers to negotiate better prices
Explore alternative materials or suppliers to reduce costs
Implement value engineering techniques to optimize component design and reduce material usage
Utilize cost analysis tool...
- Q2. Saving of components cost in term of material is having least probability but of you work on process means manufacturing process then it will help to control component cost.
Interview Preparation Tips
Top trending discussions
Interview questions from similar companies
I applied via Naukri.com and was interviewed before Jan 2021. There were 2 interview rounds.
Interview Questionnaire
4 Questions
- Q1. About your past work
- Q2. For which profile you are going
- Q3. Be on the basics and be on fundamental
- Q4. Zero based costing of MCBs
- Ans.
Zero based costing of MCBs is a method of cost analysis that starts from scratch for each new project.
It involves identifying all costs associated with a project and evaluating them based on their necessity and value.
This method helps to eliminate unnecessary costs and optimize spending.
For example, in the case of MCBs, zero based costing would involve analyzing the cost of each component and determining if it is essen...
Interview Preparation Tips
santosh patil
I applied via Naukri.com and was interviewed in May 2019. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Core technical knowledge of procurement is required also need ability to handle situation based questions
Interview Preparation Tips
Also convincening power if your answer is wrong
I applied via Campus Placement and was interviewed before May 2020. There were 3 interview rounds.
Interview Questionnaire
4 Questions
- Q1. Do you know about the organisation
- Ans.
The organization is a leading provider of innovative solutions in procurement, focusing on efficiency and cost-effectiveness.
Established in 2005, the organization has grown to serve over 1,000 clients globally.
They specialize in strategic sourcing and supplier management, helping clients reduce costs by up to 20%.
The organization utilizes advanced analytics and technology to streamline procurement processes.
They have r...
- Q2. Do you know about Supply chain management
- Ans.
Yes, supply chain management involves the coordination and management of activities involved in the production and delivery of goods and services.
It includes planning, sourcing, manufacturing, logistics, and delivery.
Effective supply chain management can improve efficiency, reduce costs, and increase customer satisfaction.
Examples of supply chain management tools include inventory management software, transportation ma...
- Q3. What are inco terms
- Ans.
Inco terms are a set of standardized trade terms used in international commercial transactions.
Inco terms define the responsibilities and obligations of buyers and sellers in terms of transportation, insurance, and customs clearance.
There are 11 Inco terms, including EXW, FOB, CIF, and DDP.
Inco terms help to avoid misunderstandings and disputes between parties involved in international trade.
Inco terms are regularly up...
- Q4. Direct and indirect purchase
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed in May 2024. There were 2 interview rounds.
(2 Questions)
- Q1. Family background
- Q2. Project related experience
(2 Questions)
- Q1. Project related experience
- Q2. Technical experience
I applied via Walk-in and was interviewed before Apr 2021. There were 3 interview rounds.
(2 Questions)
- Q1. Tell me about yourself.
- Ans.
I am a dedicated Purchase Engineer with a strong background in procurement, supply chain management, and vendor relations.
Over 5 years of experience in procurement, focusing on cost reduction and quality improvement.
Successfully negotiated contracts that saved the company 15% on average annually.
Skilled in using ERP systems for inventory management and order processing.
Collaborated with cross-functional teams to stream...
- Q2. Share details of your previous job.
- Ans.
In my previous role as a Purchase Engineer, I managed procurement processes and supplier relationships to optimize costs and quality.
Managed procurement for a range of materials, including metals and plastics, ensuring timely delivery and quality standards.
Developed strong relationships with suppliers, negotiating contracts that resulted in a 15% cost reduction over two years.
Implemented a new inventory management syst...
(1 Question)
- Q1. Share details of your previous job
Interview Preparation Tips
- About yourself
I applied via Recruitment Consulltant and was interviewed before Oct 2022. There were 3 interview rounds.
Grammar test , English fluency
(5 Questions)
- Q1. What is procurement
- Ans.
Procurement is the process of obtaining goods and services from external sources.
Procurement involves sourcing, purchasing, and negotiating contracts for goods and services.
It includes activities such as supplier selection, price negotiation, and contract management.
Procurement aims to ensure that the organization obtains the best value for money and meets its needs efficiently.
Examples of procurement activities includ...
- Q2. What is supply chain management
- Ans.
Supply chain management involves the coordination and optimization of all activities involved in the sourcing, procurement, production, and logistics of goods and services.
Involves managing the flow of goods and services from the point of origin to the point of consumption
Includes activities such as sourcing, procurement, production planning, inventory management, and distribution
Aims to optimize efficiency, reduce cos...
- Q3. What is warehousing
- Ans.
Warehousing is the process of storing goods in a designated location for future use or distribution.
Warehousing involves receiving, storing, and organizing goods in a facility.
It includes inventory management, order fulfillment, and shipping logistics.
Examples of warehousing facilities include distribution centers, warehouses, and storage units.
- Q4. Why to choose supply chain management feild
- Ans.
Supply chain management offers opportunities for optimization, cost reduction, and efficiency in procurement processes.
Opportunity to optimize processes and reduce costs through efficient supply chain management
Ability to identify and mitigate risks in the procurement process
Enhanced collaboration with suppliers for better negotiation and relationship management
Opportunity to implement innovative technologies for impro...
- Q5. What is logistics
- Ans.
Logistics is the process of planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.
Involves transportation, warehousing, inventory management, and information flow
Focuses on optimizing processes to ensure timely delivery of goods and services
Includes activities such as procurement, production planning, packaging, an...
Interview Preparation Tips
Manoj G.I
I applied via Naukri.com and was interviewed before Jul 2021. There was 1 interview round.
(1 Question)
- Q1. Tell me about youself Why are changing your current job What is your strength and weakness Where you will be in next 5 years
Interview Preparation Tips
Lots of technical questions related to my field manufacturing
Basic questions
Basic ropics
(1 Question)
- Q1. Personal information and technical questions
(1 Question)
- Q1. Director level of interview.
Selected
I applied via Company Website and was interviewed in Mar 2024. There was 1 interview round.
(1 Question)
- Q1. Introduction, technical supply chain questions
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HYOSUNG Interviews By Designations
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- Show more
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